708 views
05:25 Hrs 12th Aug 2018
Last Price@608.50
Auropharma playing the game of double bottoms -565 & double tops-636 - He is the master player and fortunate to have such a friend.
In the last update - Auropharma - WC 2018-Goal Keeper Hugo Lloris's Ruin Point- 595
17th July 2018
Trading Strategy
Scenario 1
How can you forget 615 - If Auro holds +/- 2-3 points upside or below 615 key level - we will look to sell for downside targets
Target 1 -605
Target 2 -599-600
Target 3 -595
Target 4 -Below 595 -look for 587-589
Scenario 2
Edwards & Magee Trendline - Bible Book of Technical Analysis -Technical Analysis of Stock Trends mentioned 2 points to draw the trendline ( 527 - 565) & third point to confirm the trendline ( 588) - Can this 3rd point fall on the trendline & hold auro - let us wait & watch
Holding in the zone 587-589 - Can bounce to 615 & Above 615 to 625 & Above 625 to 636
17th July 2018
Started from 565 – came back to 565 – moved in most choppiest way it could have –after all that is the reality of financial markets –no price structure moves in linear fashion & hence trading becomes difficult & challenging at times but if you keep it simple –it will say “ooh la la” to you.
Let the game begin!
565 -565 - Its double bottom - 19th July 2018
Bouncing hard from 565 to 585 - 20th July 2018
Kissing 600 - Important level - 25th July 2018
What a fall -600 to 577 - 26th July 2018
Story goes on......
Reached Double Top - 635-636 -6th Aug 2018
Previous Idea - Catch Bearish Butterfly Carefully 635-636
Previous Idea - How can you forget 615
Would love to hear your comments - Thanks for reading
Last Price@608.50
Auropharma playing the game of double bottoms -565 & double tops-636 - He is the master player and fortunate to have such a friend.
In the last update - Auropharma - WC 2018-Goal Keeper Hugo Lloris's Ruin Point- 595
17th July 2018
Trading Strategy
Scenario 1
How can you forget 615 - If Auro holds +/- 2-3 points upside or below 615 key level - we will look to sell for downside targets
Target 1 -605
Target 2 -599-600
Target 3 -595
Target 4 -Below 595 -look for 587-589
Scenario 2
Edwards & Magee Trendline - Bible Book of Technical Analysis -Technical Analysis of Stock Trends mentioned 2 points to draw the trendline ( 527 - 565) & third point to confirm the trendline ( 588) - Can this 3rd point fall on the trendline & hold auro - let us wait & watch
Holding in the zone 587-589 - Can bounce to 615 & Above 615 to 625 & Above 625 to 636
17th July 2018
Started from 565 – came back to 565 – moved in most choppiest way it could have –after all that is the reality of financial markets –no price structure moves in linear fashion & hence trading becomes difficult & challenging at times but if you keep it simple –it will say “ooh la la” to you.
Let the game begin!
565 -565 - Its double bottom - 19th July 2018
Bouncing hard from 565 to 585 - 20th July 2018
Kissing 600 - Important level - 25th July 2018
What a fall -600 to 577 - 26th July 2018
Story goes on......
Reached Double Top - 635-636 -6th Aug 2018
Previous Idea - Catch Bearish Butterfly Carefully 635-636
Previous Idea - How can you forget 615
Would love to hear your comments - Thanks for reading
Trade active:
14:11 Hrs 13th Aug 2018
Last Price@621
Current High@621.90
As updated below in comment section to our colleague - selling below 615 if sustains looks probable or we sell in 617-618 zone with mental stop loss above 621
As this is the last zone if at all Auro is to fall it has to sustain below 621 - if it sustains above 621 - we are out.
We keep eye on Nifty/ BankNifty as well if the bounce is done -likely a fall should start sooner or later.
Plan your trading properly & execute with proper care.
Thanks for reading & take care
Last Price@621
Current High@621.90
As updated below in comment section to our colleague - selling below 615 if sustains looks probable or we sell in 617-618 zone with mental stop loss above 621
As this is the last zone if at all Auro is to fall it has to sustain below 621 - if it sustains above 621 - we are out.
We keep eye on Nifty/ BankNifty as well if the bounce is done -likely a fall should start sooner or later.
Plan your trading properly & execute with proper care.
Thanks for reading & take care
Trade active:
15:02 Hrs 13th Aug 2018
Last Price@617
We start right at the top close to 621 as suggested some 3 hours ago
Last Price@617
We start right at the top close to 621 as suggested some 3 hours ago
Trade active:
15:23 Hrs 13th Aug 2018
Last Price@620.60
See - How Auro plays beautifully between 615 & 621 - bounced hard from 615.50 -615 was support & came to 621.50.
Day High -621.90
Last Price@620.60
See - How Auro plays beautifully between 615 & 621 - bounced hard from 615.50 -615 was support & came to 621.50.
Day High -621.90
Trade active:
10:31 Hrs 14th Aug 2018
Last Price@614
Big Red Candle in Green Market - is amazing Auro is falling & other's are jumping with joy.
What a fall from 620 to 612 levels.
Last Price@614
Big Red Candle in Green Market - is amazing Auro is falling & other's are jumping with joy.
What a fall from 620 to 612 levels.
Trade active:
12:31 Hrs 14th Aug 2018
Last Price@614
Moving & Holding above 615.50 - we are out of sell call as bulls can join intraday because 615 -616 level is strong level.
Till the time 615-616 zone is above price head - we can remain bearish.
Last Price@614
Moving & Holding above 615.50 - we are out of sell call as bulls can join intraday because 615 -616 level is strong level.
Till the time 615-616 zone is above price head - we can remain bearish.
Trade active:
13:55 Hrs 14th Aug 2018
Last price@619
It moves above 615-616 exactly to 621.50 & turns back again who is selling at 621.50 you----me -------------weeeeeeeeeeee -Awesome!
621.50 is the level where we sell - cheers!
Last price@619
It moves above 615-616 exactly to 621.50 & turns back again who is selling at 621.50 you----me -------------weeeeeeeeeeee -Awesome!
621.50 is the level where we sell - cheers!
Trade closed manually:
14:21 Hrs 14th Aug 2018
Last Price@621.70
Crossed above the juicing level -621.50
Bye & Happy Independence Day Once Again !
Last Price@621.70
Crossed above the juicing level -621.50
Bye & Happy Independence Day Once Again !
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Can I short at the opening tomorrow without a SL. If it manages to climb up then perhaps
will undertake another short probably at 636 levels. Your expert comments please. Thanks
Shall we short the Auro at this level with sl above 626...please advise